Indian city among world's top 20 in luxury rentals

Indian city among world's top 20 in luxury rentals

Globally, rental prices for a three-bedroom have slipped from last year's average of $3,080 to $3,030 per month. Tokyo luxury rentals in particular are down five per cent, and those in Mumbai have dropped an average of 12 per cent in cost within the last year, according to Business Insider.

Meanwhile, Hong Kong's rental prices have dropped slightly from last year's high, according to the latest data from ECA International, a global consulting firm that releases the figures for companies sending employees to work abroad.

Let's take a look at luxury rentals across the world, including India.

Source: Business Insider

NOTE: Data refers to unfurnished, three-bedroom apartments

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Image: Overview of Buenos Aires' 9 de Julio Avenue with the Obelisk in the background.Photographs: Enrique Marcarian/Reuters